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Crude
http://money.cnn.com/2009/02/16/news/economy/gas_prices/index.htm?postversion=2009021612
All gas news is ridiculous.
Refiners have, for the first time in some time, not made as much profit as they usually do. They’ve been losing a little money.Crude oil still at a very low price, somewhere around $37/barrel.In relationship to the crude oil price/barrel gas should realistically be at a maximum of somewhere near $1.40. Having relations to someone who works the oil industry, and just by typically being observant of people, it is very clear people are driving less. Habits have changed because of price gouging and people are straying from low MPG cars. The demand for gas currently is very low.
So it only makes sense to raise the price of gas?
Whatever happened to the price of crude oil/barrel directly effecting the price at the pump? Wasn’t that why gas was $4+ this summer? Direct reflection of gas/barrel to pump level.
Now gas is at a lower level and it’s a different reason for it to go up?Switching from winter mix fuel to summer mix fuel is an excuse to raise the price - as they do the same thing from summer to winter, claiming it’s costing more because of the mixture content.
And like my dad will tell you, that’s absolute crap.